Beer Processing Market Growth, Size, Share, Price, Trends, Analysis, Report, Forecast 2023-2028
The new report by Expert Market Research titled, ‘Global Beer Processing Market Growth, Share, Price, Trends, Analysis, Report and Forecast 2023-2028’, gives an in-depth analysis of the global beer processing market, assessing the market based on its segments like types, distribution channels, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2020): USD 676 Billion
• Forecast CAGR (2023-2028): 4%
The rapid development of breweries, owing to the increasing popularity of beer among millennials, is driving the market growth. Over the forecast period, the increasing demand for modern beer processing equipment from the craft beer producers to increase the production in order to meet the demand for craft beer is further adding to the market growth.
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The growing craze of premium quality beers is anticipated to encourage brand expansion of popular beer producers, such as Heineken and Tuborg, among others. Europe accounts for a significant share in the market owing to the rapid development of microbreweries and brewpubs, especially, in countries like Germany and United Kingdom.
Industry Definition and Major Segments
Beer processing is defined as a process of producing beer using water, starch, and yeast. This process involves milling of grain, mash conversion, lautering, boiling, separation and cooling, fermentation, maturation, and filtration. The resulting solution is poured and enjoyed as beer. The composition of raw materials used in this process can be modified to get the desired aroma and taste.
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On the basis of type, the market can be segmented into:
• Speciality Beer
• Ale and Stout
• Low Alcohol Beer
The significant distribution channels of the include in the market are as follows:
• Hypermarkets and Supermarkets
• Food Speciailty Stores
• Convenience Stores
The regional markets for beer processing include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
The key trends in the beer processing market include the emerging internet of things (IoT) and rapid digitalisation, which is encouraging the online delivery of beers. This factor is likely to propel the sales of premium quality beers. The technological advancements in the packaging of beers, which include bar code scanners, are likely to enhance the supply chain of beer.
The increasing demand for beer, owing to the increasing dine-out activities, growing consumption of craft beer to escape stress, and rapid urbanisation, is likely to lead to a robust development of breweries in the coming years.
Key Market Players
The major players in the market include Anheuser Busch Inbev Nv, Heineken N.V, Carlsberg A/S, Molson Coors Brewing Company, Asahi Group Holdings Ltd., and Tsingtao Brewery Group Co. Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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